Managers of Wealth Offshore

Chief Justice Of The Cayman Islands Confirms And Expands Upon The 'Standard Directions' In Section 238 Proceedings

Ogier represented a group of dissenters comprising over 82% of the total dissenters by number of shares

Firm Foundations by Joe Moynihan

There’s no doubt that the Jersey Foundation has been a clear success, receiving a strong take-up over the past decade as an asset holding vehicle for people and corporate bodies.

Malta must send strong signal against financial crime - top US official

Financial crime, citizenship sale have the US worried

Private bank fined $10.6m over tax evasion charges

Had around 100 US clients with almost $200m in assets at its peak, with most of the accounts being in the names of nominee entities.

New mandatory disclosure rules – Directive 2018/822/EU

A number of challenges may arise under the new reporting obligations and determining whether there is a reportable cross border arrangement raises complex technical and procedural issues for taxpayers and intermediaries.

MIFID II – What's Next for Regulation?

And for anyone in doubt as to the breadth of MiFID II – regulations affect nearly every asset and professional occupation within the financial services industry across the European Union.

The Supreme Court of Bermuda considers whether to exercise its inherent jurisdiction to intervene in the administration of a trust

The case confirms that the courts of Bermuda have the power to validate the actions of invalidly appointed trustees.

Cayman Islands Schemes of Arrangement - Business as Usual

Some legal commentary has suggested that such a scheme is novel or landmark.

Still not in the clear: More updates to BOSSs laws as BVI eludes EU blacklist

The EU’s definition of economic substance has to do with financial services companies setting up physical and appropriately-staffed office spaces in the territory.

IMF tells Panama it needs to do more to combat money laundering

The authorities are fully committed to implementing the recommendations of the action plan agreed with the FATF and aim to be out of this list as soon as it is possible.

Migrating To Guernsey: A Jurisdiction Of Quality And Substance

Migrations into Guernsey are typically straightforward, subject to requirements of the jurisdiction being exited and consent of the Guernsey Financial Services Commission (for funds or regulated entities) and once shareholder approval has been obtained

The Bahamas central bank governor laments loan repayment delinquency rate and liquidity

The central bank governor has continually commented on the high liquidity in the banking sector that is a product of banks' conservative lending practices.

Estera Nominees Shortlisted In ICSA Jersey Awards 2019

The names of the winners will be announced at the ICSA Jersey Annual Dinner, Awards & Graduation Ceremony on Friday

US Partnership Representative Requirements

The Partnership Representative and any Designated Individual must maintain a “substantial presence” in the US as defined by the updated centralised audit regime.

Legal action against businesses that fail to comply with Trade Commission decisions

“If the company fails to comply with the directions, then the Commission can institute proceedings against the business before a tribunal or in the court,” added Fahie, who noted that decisions by the Commission can be appealed.

Privy Council judgement on extra-territorial jurisdiction of cross-border clawback claims in a Bahamian Mutual Fund Liquidation

The Privy Council had to consider each of these legislative provisions in addition to the 1870 Bankruptcy Act as well as numerous cases decided prior to the change of the legislative landscape in England.

Regulation, Risk & Compliance